FCA policy statement on authorisation application fees

The FCA has published a policy statement which sets out the new structure for authorisation application fees.

The changes include the introduction of:

•   A lower charge when firms that apply for the credit-related permissions of debt counselling and debt adjusting request restrictions on their permitted activity because it is ancillary to their main business.

•  A charge for lead generator Claims Management Companies applying for permission to seek out people who may have a claim.

Source: FCA